Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Latham Heights Apartments. The Property is currently 100% vacant. The Property has attractive curb appeal with white exterior paint. There are minor sections of exterior paint and roofing that will need to be addressed due to the distressed condition. The interior condition of the untis is TBD during a due dilligence property inspection. The price has been adjusted to account for a full interior reposition of the asset costing $27,500/unit ($25,000/unit + 10% contingency). The submarket is a lower income community and prodominently lifelong renters. Latham Heights offers an investor the opportunity to reposition an asset in a high-demand renter submarket minimizing lease-up risk with upside of cash flow.